Accountancy, asked by baghkunal452, 6 months ago

Omission of pice and showing the round figure in financial statement is based on​

Answers

Answered by samiaiman343
11

Answer:

Materiality principle permits other concepts to be ignored, if the effect is not considered material. This principle is an exception to full disclosure. Omission of paise and showing the round figures is due to this conceptonly.

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